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Story perspectives

Trump Celebrates Economy Amid Job Cuts and Lawsuits

10/29/2025

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Story summary
  • U.S. President Donald Trump touted economic prosperity in Japan and announced a $550 billion investment.
  • He said the U.S. economy is thriving despite looming layoffs and a federal shutdown.
  • Amazon and UPS are cutting thousands of jobs, signaling concerns about economic outlook.
  • Twenty-six states and Washington, D.C. sue the USDA over SNAP benefits during the shutdown.
  • A federal judge temporarily blocked the administration from firing federal workers amid the shutdown.